“¢ The pair has been oscillating between two converging trend-line since the US trading session on Wednesday, forming a symmetrical triangle on the 1-hourly chart. “¢ Given this week’s goodish up-move, the contracting wedge can be referred to as a continuation pattern but sometimes also mark important trend reversals. “¢ Meanwhile, technical indicators on hourly/daily charts have managed to hold in positive territory and thus, support prospects for an eventual bullish breakout. “¢ However, it would be prudent to wait for a convincing break through the trading range before traders start positioning for the next leg of positive momentum. NZD/USD 1-hourly chart NZD/USD Overview: Today Last Price: 0.6866 Today Daily change: 9.0 pips Today Daily change %: 0.131% Today Daily Open: 0.6857 Trends: Previous Daily SMA20: 0.678 Previous Daily SMA50: 0.6645 Previous Daily SMA100: 0.666 Previous Daily SMA200: 0.687 Levels: Previous Daily High: 0.6885 Previous Daily Low: 0.6837 Previous Weekly High: 0.6876 Previous Weekly Low: 0.6767 Previous Monthly High: 0.663 Previous Monthly Low: 0.6424 Previous Daily Fibonacci 38.2%: 0.6855 Previous Daily Fibonacci 61.8%: 0.6867 Previous Daily Pivot Point S1: 0.6834 Previous Daily Pivot Point S2: 0.6812 Previous Daily Pivot Point S3: 0.6786 Previous Daily Pivot Point R1: 0.6882 Previous Daily Pivot Point R2: 0.6908 Previous Daily Pivot Point R3: 0.693 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/CAD tumbles to daily lows near 1.5100 post-GDP FX Street 4 years "¢ The pair has been oscillating between two converging trend-line since the US trading session on Wednesday, forming a symmetrical triangle on the 1-hourly chart. "¢ Given this week's goodish up-move, the contracting wedge can be referred to as a continuation pattern but sometimes also mark important trend reversals. "¢ Meanwhile, technical indicators on hourly/daily charts have managed to hold in positive territory and thus, support prospects for an eventual bullish breakout. "¢ However, it would be prudent to wait for a convincing break through the trading range before traders start positioning… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
